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20110731
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hopes for a big deal to reduce the deficit and raise the debt ceiling. he also said what is on everybody's mind. >> we are running out of time. >> reporter: on that, republicans and democrats agree. >> there is no more road left to kick the can down the road. if we don't act in a timely way, bond markets will pistol whip us into doing what needs to be done. >> white house defines "timely" as a week from now. so wide are the differences after five straight days of talks that mr. obama sent the two sides to neutral corners to look where they might find common ground. >> you need over the next 24 to 36 hours to give me some sense of what your plan is to get the debt ceiling raised. through whatever mechmisms they can think about. >> reporter: the presidentthed come up with a plan to cut the deficit to reassure the market. with the world's three main credit agencies reviewing american's rating the downgrade would mean higher mortgage interest rate and higher loan on auto loan and credit card. >> which would be a tax increase on everybody. >> reporter: mr. obama said he put cut in social secu
it could be a big day for our whole entire country. >> and the news is whether we've got a deal or not. shortly after ten o'clock last night. harry reid said you know, i was going to have everybody show up in the mid feel the night and take a vote at 1 a.m. and he received word from the white house that apparently, the white house and this really hacks him off, you know, because it kind of bypasses him, and former speaker pelosi, dealing directly with mitch mcconnell, joe biden 6789 it sounds like they've got a deal, and close to a deal and some of of the frame work as well to talk about it. >> yeah, it looks like it's been going back and forth and take a look, it looks like debt ceiling increase, 1.2 trillion to 2.4 last night last through the night and living in my office, as high as 2.8 trillion dollars in debt ceiling increases, spending cuts have to be about the same amount commensurate. >> dollar for dollar. >> at least if not more. >> and guys, there's a little bit of wrangling whether or not that balanced budget amendment that john boehner needed so badly to get the house to vo
information is stored and, jon, you know with the tsa and all those scanners, that was big concern of people and also for some of the privacy advocates. jon? jon: yeah. and some of our chatters are wondering when this is going to hit the consumer market, you know, can i buy one of these things and scan anybody i want to? >> reporter: you know what, interesting? facebook is looking at it and google, also, to allow you to take a picture of someone and do an immediate google search to get any other information on them. so your chatters are up to speed, jon. jon: that is a brave new world. jamie colby, thank you. >> reporter: take care. jenna: breaking news of the day, and we have more big stories throughout the hour including a big rule anything the case of the former police sergeant who keeps losing wyomings. what -- wives. the case of drew peterson and how it could impact his murder trial. >>> also house speaker john boehner reworking his debt deal. this as the clock ticks closer to that default deadline. six days away, can a deal be struck in time? we'll go in depth just ahead.   you c
between himself and michele bachmann. >> big difference between talking and getting stuff done. and i get stuff done. >> it's the latest chantner the rivalry of the two minnesota candidates for the republican presidential nomination, which boiled over yesterday, with pawlenty having spent almost two weeks saying bachmann has no congressional accomplishments to speak of, bachmann had enough. in a sunday statement, she fired back saying "i've fought against irresponsible spending while governor pawlenty was leading a multimillion dollar budget mess in minnesota." later the bachmann campaign added on healthcare mandates, climate change and wall street bail-outs there's very little daylight between governor pawlenty's record and the obama administration's." this back and forth comes with pawlenty still trailing bachmann in the polls. for bachmann, the verbal sparring seems to come with at least some risk. it will likely draw even more attention to the iowa straw poll, less than three weeks away, and pawlenty seems to have the advantage of a larger, deeper iowa organization. the straw poll bal
democratic officials say they think there is not really that big of a difference on some of the key elements here if you look at the reid and boehner plans spending cuts. not too far off. special committees of congress come back and take a second bite of the apple. more spending cuts. few tax changes down the road. third point is the most critical. here is what we are told president obama is working the phones on talking to members of both parties what kind of trigger or enforcement mechanism would you have if this special committee of congress comes back in a few months and doesn't do anything, just another washington commission that talks a lot and doesn't take any action? could you force sharp tax increases? could you force sharp entitlement cuts? have some enforcement mechanisms to show this group would finally have some teeth. not just some more washington blather. shep. >>. if you don't, you go to delay and maybe you pray. so i guess we are there. >> and divine intervention is what you they are looking for on the hill. can i tell you here inside the white house when you talk to senior
market is doing. yesterday it took a big hit closing down almost 200 points. it was the 4th straight day of losses. let's bring in stuart varney to help us understand this. will the market go down again, stu? >> in general terms nobody will be prepared to forecast where the stock market will go. it's like october of 2008 when there was a decision in the house, do we bail out wall street or don't we. there was a profound reaction on wall street when that vote came in. in general terms, here is what you can say. if we get a deal -- if a deal looks likely by this weekend, the stock market will probably go up. quite sharply. if we do not get a deal at all, nothing is on the table by that next week's deadline you can expect the stock market to go down quite sharply. those are generalized expectations for stocks, but i think they are realistic. here is the news of the day. as of this morning, a letter went out from the chief executives of all the big wall street firms. that letter went out to every member of congress. everybody on capitol hill. it was a plea. get a deal done. do not default. s
is planning a big fund-raiser for his birthday and that is creating a potential snag. set for august 3rd one day after the deadline to increase the debt limit on august 2nd. president might cancel the fund-raiser if a deal is not yet reached by that time. >> gregg: politically symbolic moment newt gingrich. running into a coroner he laughed off the incident but it may have hit close to home. a financial report showing gingrich is trailing other presidential con tern had tenders in raise money bringing in 2 s7b9 $1 million since entering the race. >> heather: new violence unfolding on the streets of syria reportedly opening fire on a group of protestors in damascus killing 28 people. the demonstration one of the largest ever held against the president there. reena ninan is live in jerusalem with us with details. >> human rights organizations say at least 28 people were killed in the protest on friday. despite the government crackdown it was the largest show of anti-government demonstrators since the unrest begin in march. >>> going to areas where the government has been most intense and shout
the chances of another big financial crisis and another big taxpayer bailout are lower now thanks to the law. president obama signed it a year ago today, as you mentioned. treasury secretary timothy geithner says the financial system is stronger by almost any measure now, but critics say consumers and taxpayers are still at risk. the law required the sec and other regular lay -- regulators to write 243 new rules but regulators have completed fewer than 50 of those. other critics say they don't want these new rules anyway. they are hurting innovation, economic growth and job creation, jenna. jenna: we talk about financial regulation, there's a slew of different changes, and it's easy to get a little wonky, peter, right? what are some of the changes that are happening today when it comes to our regulatory reform? is. >> reporter: hey, jenna, i love that o.k. with key stuff. jenna: i know you do. [laughter] >> reporter: sorry about that. you're right, today the confidential consumer protection bureau officially opens for business be, but it does not have a director yet, so its powers are are li
is on, having a big rally today on capitol hill, and listen to what john mccain said on the senate floor quoting an editorial from the "wall street journal" on the editorial page. >> the tea party hob its could return to middle earth having defaulted the enemy. this is the kind of crack political thinking that turns sharron angle into g.o.p. senate nominees. the reality is the debt limit will be raised one way or another and the only issue now is with how much fiscal reform and what political fallout. >>reporter: that makes you wonder if it will take an elder statesman of both parties but someone like john mccain on the republican side, who is not in the leadership that has been meeting at the white house but outside the process, to say, look, folks, let's end the extremes and figure this out in the middle. >>shepard: thank you from the white house, ed. 62 percent of americans surveyed, an abc news poll from yesterday, say they want some combination of cuts, which are necessary, and revenues which are necessary. and no plan, not one, has that. not the boehner plan. not the reid plan, it
. >> hi. >> my name is amanda, and i'm a big fan, i'm from iowa originally. >> nice. >> yes. [laughter] i'm an atheist, and in dangerousville, ohio, in 2008 you asserted that no organization receiving taxpayer funds would be able to discriminate in hiring or firing based on a person's religion. however, you have not rescinded the executive order that permits this type of discrimination. in a time of economic hardship when it's difficult for a person to get a job based on her skills, what would you say to a woman who has been denied employment because of her religion or lack of religious beliefs by a taxpayer-funded organization? >> well, this is a very difficult issue, but a more narrow one than i think might be implied. it's very straightforward that people shouldn't be discriminated against for race, gender, sexual orientation and/or religious affiliation. what has happened is that there has been a carve outdating back to president clinton's presidency. for religious organizations in their hiring for particular purposes. and this is always a tricky part of the first amendment. on the on
with my old company. saved a bunch. that's a reason to switch. big savings -- it's a good look for you. [ blower whirring ] [blower stops] the safety was off. out there with a better way. now, that's progressive. >>> casey anthony's free thanks in part to a team of lawyers and now there is word she wants to become a lawyer. according to florida television stationing wtsp in tampa, her attorney cheney mason says casey anthony told him when i get out i want to be a lawyer. i want to work in your office. he reportedly explained that is unrealistic since she has a record and said his main goal is to keep her safe. she has been in hiding since leaving the orange county jail in orlando last sunday 12 days after a jury akisted he acquitf murdering her daughter. >>> here in new york city the only wildlife we encounter of the rats and roaches. in india, the pests are little larger. wildlife workers shooting at a leopard that mauled 11 people in the eastern part of that country. the leopard clearly not keen on being captured. understandably considering people had been attacking it with knives an
senate republican leader mitch mcconnell sounds like he is losing hope that a big deal could be struck. >> republicans are trying to persuade the president of the need for a course correction. but weeks of negotiations have shown that his commitment to big government is simply too great to lead to the kind of long-term reforms we need to put us on a path to balance and economic growth. >> there was some talk at the white house several weeks ago that a deal needed to be struck by this friday. now jay carney says it's not a hard deadline so, get ready for weekend talks, shep? >> shepard: oh goody. mike emanuel at the white house. hope they don't make you work. one republican pushing for even bigger spending cuts. $9 trillion worth of saving over 10 years. trillions. remember when a billion was a big number. oklahoma senator tom coburn says he would slash a trillion dollars from the pentagon budget plus another 2 trillion from other domestic programs and save another trillion by changing the tax code but you know he would not raise taxes. no. instead, he would end tax breaks like mortgage
. that's a reason to switch. big savings -- it's a good look for you. [ blower whirring ] [blower stops] the safety was off. out there with a better way. now, that's progressive. >> shepard: breaking news now on fox news channel, and it looks like we have great news for fans of the nfl on fox and beyond. the nfl network, which is owned by the nfl is now reporting team owners have ratified a new collective bargaining agreement, an important step in ending the four month old lockout. the players' union still has to agree toot plan so a news conference is coming up in this hour. you can see they are setting up for it on the left-hand side of your screen. jonathan serrie is covering this for us in atlanta where team owners are meeting today. jonathan, what too we know. >> well, shep, you can see the media sacrum behind me. we are outside the room where the news is taking place. the nfl network reporting that the owners have voted on a collective bargaining agreement. of course, now this goes to the players who have yet to approve this originally. we thought they were going to approve condit
debacle the threat of a credit downgrade is very real. stock sell off is very big. speaker boehner says a dirty word trying to get republicans in line. tonight, the standoff in washington. plus, the moment of the norway explosion caught on tape the blast shook the store and sent people running into the streets. [sirens] of course now we know that was only the beginning. and before the day ended, dozens would be dead. tonight, remembering the victims. and is this man planning yet another attack from behind bars? smile for the cops. >> look in the camera and in a matter of seconds a true identity in all of the criminal record comes back. >> it really has been a game changer. >> shepard: tonight, how police are using facial recognition to confirm your i.d. but, first from fox this wednesday night, never in this nation's history have we faced anything quite like this. make no mistake the politicians have created this crisis that could sink our nation's credit rating. six days to go until the deadline to raise the debt ceiling, officials are warning they may not be able to pay all the countr
is because he hasn't been tough enough, and there wasn't a big distinction between him and president obama, and he's showing that once again now. martha: all right. talk to me, you know, when you look at this politically, "the wall street journal" basically said this morning if tea party encourages its members and representatives on capitol hill to hold tight and not give any ground in this, they're basically handing the presidency to barack obama again in 2012. what say you? >> what are we talking about? are we talking about who's going to be our next president, or are we talking about fixing the problems that face america? we need to quit worrying about the next elections and worry about whether we're going to survive financially. and there are plans that could do it, there are other plans that can't, but nobody is looking at the overspending, looking at directly in the eye and saying we have to stop this. we spend over $4 billion a day in borrowed money. that's enough to build two and a half space shuttles a day. martha: wow. well, that's an eye-opener. jenny beth martin, thank you very
. they don't have faith to figure out how to do things. >> it is basically just a big, fat, joke. >>> all right. so should ugly people be enslaved because they are ugly? first, what is kim kardashian up to now? not much. i will tell her you said hi. >>> can a comment on a blog cost you your jog? i mean job. it didn't rhyme so i figured i would make it rhyme. >> it worked. >> they have amped up their on-line investigation of job applicants in the form of social media background checks. today's "new york times", hi there, profiled a year old start up called social intelligence that compiles a file that digs deeper than the usual google facebook. the whistleblower plows through the message board comments and craigslist requests and seemingly secure photo and video sites. says the ceo of the foul finding, quote, sexually explicit photos and videos are beyond comprehension. we can see a lot of illegal activity. lots and lots of pictures of drug use. at least anthony wiener doesn't have to worry about this. candidates must consent to the background check and be notified of the dirt dug up. who
Search Results 0 to 15 of about 16